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The Markets Are Breaking Down

Last week's rescue rally failed & things are weakening fast
Monday, November 12, 2018, 1:12 PM
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The recent bounce in the US equity markets looks like it may have just been a brief pause before they head a lot lower.

I'm becoming more convinced that “the big one” is finally at our doorstep.

There are so many breakdowns across so many different regions and market segments that I’m unclear how this can be rescued short of the announcement of a major new QE effort.

 

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